Alliant Breached Duty Under Reinsurance Intermediary Act, AMIC Contends
December 14, 2010
MONTGOMERY, Ala. - Alabama Municipal Insurance Corp., in its opposition to Alliant Insurance Services Inc.'s motion for summary judgment, asserts that Alliant breached its duty as a "reinsurance intermediary-manager" by failing to properly transmit $1.88 million in losses to reinsurers. Alabama Municipal Insurance Corp. v. Alliant Insurance Services Inc., No. 2:09-928 (M.D. Ala.).
In a Nov. 22 brief filed in the U.S. District Court for the Middle District of Alabama, AMIC contends that the Alabama Reinsurance Intermediary Act defined Alliant's obligations to AMIC.
AMIC allegedly contracted with Alliant's predecessor, Robert F. Driver Associates, to obtain reinsurance for losses AMIC incurred …